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Sep 28, 2012 6:00am EDT
generally more business friendly federal court. millions of dollars are at stake. and finally, los angeles county is taking the lead in what could be a landmark environmental case. does the clean water act make local governments responsible for controlling storm water pollution runoff. that's your q4 channel check for cn cnbc. >> now to our trading block to find out what could be ahead for the investors. joining us is scott bower, senior market strategist from trading advantage. we've been trying to figure out why wr we are for the year. where does it stand roughly for the first three quarters? >> obviously everything is pretty good right new. i'd say the trend is still pretty bullish to the up side. the reason i say that is going into corporate earnings coming up here, we've seen so much that has already been lowered. so much guidance that has been lowered that it looks like the beats coming forward will far youth weigh the misses. so that may carry us through the election time, but let me tell you something, with volatility the way it is and the vix being where it is, traders and investors are
Sep 20, 2012 6:00am EDT
want to say aig. aeg could fetch $6 billion in sale. aeg is part owner of the los angeles lakers, l.a. kings, and other sports properties. >>> bank of america is said to be speeding up previous job cuts. the bank will cut 16,000 jobs by year end. >>> our guest host is one of the world's largest short sellers but he goes, you go long on certain things. >> yes, we have a hedge fund. >> famed hedge fund manager jim chenos, founder of kinikos associates. kinikos has greek origin and did it mean anything? >> well it's the root of the word cynic but i'm also half irish so it means you really shouldn't listen to me at all when it comes to finance. >> i've got some irish, too. let's just leave it at that. >> cynical. >> we have to start with china i think, and we're still in a period where everybody can see that something's happening over there, but the consensus is, always has been and still is that it's not, nothing really that major, nothing really that big to worry about. if you noticed that, people finally will concede yeah, okay, but they're the same people that say china has got it dow
Sep 19, 2012 6:00am EDT
subsidiary up for sale, owns hockey los angeles kings and the staples center arena. also a part owner of the lakers. also owns the new barclays center arena in new york. >> and they were behind the michael jackson concert tour. and were involved in the crazy dispute over his insurance and his death and they knew he was having all these problems and it was a fascinating little story. >> our guest host today is jack welch, founder of the jack welch management institute. that's all we're going to say about you? >> does he need an introduction? >> no, not really. took ge -- what is your favorite thing? ge was split adjusted less than $1 a share when you took over and it went to $60,ink, didn't it? >> went up from $13 billion in market cap to over $400 billion. >> revenue went from $8 billion to -- >> from $20 billion to $150 billion. >> 150 -- westing house, i always pointed to how it can make a difference who's ceo. and you got paid a lot. you're a fat cat. but -- >> good morning. >> think about westing house, same mix of assets at the same time. i hit wx in there all the tile. westing h
Sep 5, 2012 6:00am EDT
oscar, jerry? >> he's the king. when i see him at los angeles, i go over and take a napkin and serve him. >> he's trying to disarm you before tonight. >> jerry is very, very disarming. three and a half hours tonight we're going to be competitors but we're as close as anybody in the nfl can be. i admire jerry, i'm a big jerry jones fan. i think what he has done for the league, for the state of texas, for the city of dallas is just unbelievable. he's a great first class guy. >> steve, be sweet to me. >> the football giants are coming strong. you're not worried yet they're going to ever be america's team, are you? i'm trying to get something started between these two. >> well, you don't have to go very far. we have enough facing us here in the next few hours. one of the reasons i wand to be part a part of the nfl 25 years ago was because of the great tradition that the new york giants, for instance, represent. boy, i'm telling you, when i'd come to new york and see how this city gets around and gets excited for nfl football, it made me want to somehow get a part of that. here we are kic
Sep 21, 2012 6:00am EDT
. i described it as though, imagine you're on an airplane that's flying from here to los angeles, you're probably going to get there okay but if you hit an air pocket and meaning if the economy goes down, there's not an easy way to reverse it. monetary policy is less effective because when you buy a bond, when the federal reserve makes a purchase, that has the effect of giving money to somebody who won't put that money into something like that bond. and that money does not easily go to people who spend it, that's a balance between monetary and fiscal policy and i worry about the policymakers getting that balance right. that's a possibility and a scary possibility. other than that, i think the most likely situation is we will fly successfully from here to los angeles essentially but we have longer risks. you need a balance between austerity and sometimes debt restructurings, and monetization. if you have too much monetization, you're going to have an inflationary problem. you have too little stimulation, monetary and fiscal policy, you're going to have a depression. being in the betting b
Search Results 0 to 4 of about 5